THE EXCHANGE CLUB OF NEEDHAM INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

JOHN TERRY

Phone

7814443924

Tax Period

2023-07-01 to 2024-06-30

THE EXCHANGE CLUB OF NEEDHAM INC, founded in 1947, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $51K, a strong 19% operating margin.

Mission

THE MISSION OF THE NEEDHAM EXCHANGE CLUB IS TO MANAGE PROJECTS AND EVENTS THAT REACH OUT TO EVERY MEMBER OF THE NEEDHAM COMMUNITY. THESE INCLUDE 4TH OF JULY CELBRATIONS, YOUTH SCHOLARSHIPS, HOLIDAY CHILDRENS PROJECTS, A SENIOR TRIP AND VETERANS ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $115,176 Revenue: $151,051

PROVIDING THE 4TH OF JULY PARADE AND COMMUNITY ACTIVITIES FOR THE 4TH OF JULY

Program 2

Expenses: $16,460

COMMUNITY GRANTS TO WORTHY MUNICIPAL AND CHARITABLE ORGANIZATIONS

Program 3

Expenses: $11,860 Revenue: $11,390

YOUTH PROGRAMS - SCHOLARSHIPS AND AWARDS FOR STUDENTS IN THE NEEDHAM COMMUNITY THAT HAVE DEMONSTRATED ACHEVEMENTS IN SCHOLARSHIP, DEALING WITH ADVERSITY OR COMMUNITY SERVICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $59,783

Program Service Revenue $169,594

Investment Income $6,033

Other Revenue $30,626

TOTAL REVENUE $266,036

Expense Breakdown

Grants Paid $25,890

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,138

Other Expenses $189,226

TOTAL EXPENSES $215,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,036	$244,004	+0.1%
Expenses	$215,116	$171,381	+0.3%
Net Income	$50,920	$72,623	-0.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA CHASTON	DIRECTOR	2.00	Director	$0	$0	$0
PAUL ROBBEY III	DIRECTOR	2.00	Director	$0	$0	$0
GERALD ROVNER	DIRECTOR	2.00	Director	$0	$0	$0
PETER O'NEIL	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN REULBACH	DIRECTOR	2.00	Director	$0	$0	$0
MARK FACHETTI	DIRECTOR	2.00	Director	$0	$0	$0
RICK LUNETTA	PRESIDENT	10.00	Officer	$0	$0	$0
JOHN TERRY	TREASURER	10.00	Officer	$0	$0	$0
CLAIRE ECSEDY	SECRETARY	2.00	Officer	$0	$0	$0
MATTHEW BORRELLI	PAST PRESIDENT	2.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$266,036	$215,116	$245,524	$50,920
2023	$244,004	$171,381	$194,604	$72,623
2022	$173,261	$219,873	$121,981	$-46,612
2021	$82,830	$59,849	$168,593	$22,981
2020	$147,231	$170,096	$145,612	$-22,865
2019	$218,042	$224,289	$168,477	$-6,247